Withdrawing funds is a way, sure of lowering % risk, but personally I think it helps me psychologically to maintain my risk parameters, my percentage risk consistent whether I am trading 1,000, 10,000 or 1 million. It's just a habit so that I don't ...

Do you still believe in the perfect trading system?

Books — The Misbehavior of Markets by Mandelbrot and Against the Gods - The Remarkable Story of Risk by Peter Bernstein and Trading to Win by Ari Kiev

Forex Books you would Recommend

No, that's right...I didn't understand what you meant by "all things being equal", but there were some assumptions there that weren't right. And in my view "special consideration" is simply just practicing and becoming consistent. There is no other ...

Do you still believe in the perfect trading system?

Holy Grail — This is not per trade, it's per "session". I have multiple trades in every session, and I spread my leverage out to give the equity curve room to roam. It's not that easy to calculate the actual win rate. Within each session what ...

Do you still believe in the perfect trading system?

Holy Grail — Thanks...although I'm not sure what a "real trader" is. I prefer to think of myself as a student, always learning and getting better. ... And to me, "Holy Grail" means being able to hit my trading goals.

Do you still believe in the perfect trading system?

Holy Grail — Yes, there is a Holy Grail, but it has nothing to do with rules or mechanical setups. When I first started trading I went down that path - rules, optimizations, systems, etc. Then eventually I came to the realization that it was ...

Do you still believe in the perfect trading system?

MT? — To me this seems like an inferior platform. I use esignal and can plot individual ticks and price range bars, which allows me to properly use P&F, Renko and Kagi charts, among others. Even Ninjatrader is better if you can get some data ...

Why do most FF members use Metatrader?

Range and Renko Bars — I was looking for information on the web and came across this thread. Here is how it works. First off the "range" on the current bar of a range bar chart is completely independent of the range on the previous bar. For ...

Momentum Bars